AMBARELLA INC Segments Disclosure
16. Segment Reporting
The Company operates as single operating and reportable segment and derives substantially all of its revenue from development and sales of low-power AI-based processing and video and image processing SoC solutions. In determination of a reportable segment, the Company considers the research and development deployed, the nature of production process, the distribution channels of SoCs, as well as the Company’s management structure. The of the Company has been identified as the Chief Operating Decision Maker (the CODM) and manages the Company’s operations as a whole. The CODM uses net loss presented on a consolidated basis to evaluate the financial performance and allocate resources. The CODM also monitors budget versus actual results of the operating segment. The measure of reportable segment assets is reported within the consolidated balance sheets as total assets. The accounting policies for the measurement of net loss and total assets of the reportable segment have been described in the Note 1, Organization and Summary of Significant Accounting Policies.
Geographic Revenue
The following table sets forth the Company’s revenue by geographic region based on bill-to location for the periods indicated.
|
|
Year Ended January 31, |
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|
|
2026 |
|
|
2025 |
|
|
2024 |
|
|||
|
|
(in thousands) |
|
|||||||||
Taiwan |
|
$ |
271,928 |
|
|
$ |
179,324 |
|
|
$ |
119,601 |
|
Asia Pacific other than Taiwan |
|
|
71,032 |
|
|
|
61,663 |
|
|
|
58,506 |
|
Europe |
|
|
20,065 |
|
|
|
22,778 |
|
|
|
11,949 |
|
North America other than United States |
|
|
21,833 |
|
|
|
18,074 |
|
|
|
25,754 |
|
United States |
|
|
5,844 |
|
|
|
3,026 |
|
|
|
10,664 |
|
Total revenue |
|
$ |
390,702 |
|
|
$ |
284,865 |
|
|
$ |
226,474 |
|
Substantially all of the Company’s property and equipment were located in the United States, Taiwan, Europe and Asia Pacific region other than Taiwan. As of January 31, 2026, the net amount of these fixed assets located in these regions was approximately $6.6 million, $3.6 million, $1.1 million and $0.3 million, respectively. As of January 31, 2025, the net amount of these fixed assets located in these regions was approximately $3.7 million, $4.0 million, $1.1 million and $0.3 million, respectively.
Additional Segment Information
The following table presents the significant segment expenses included in the consolidated net loss for the periods indicated:
|
|
Year Ended January 31, |
|
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|
|
2026 |
|
|
2025 |
|
|
2024 |
|
|||
|
|
(in thousands) |
|
|||||||||
Total revenue |
|
$ |
390,702 |
|
|
$ |
284,865 |
|
|
$ |
226,474 |
|
Less cost and expense: |
|
|
|
|
|
|
|
|
|
|||
Product cost |
|
|
153,419 |
|
|
|
106,237 |
|
|
|
83,221 |
|
Employee-related |
|
|
131,015 |
|
|
|
115,188 |
|
|
|
110,601 |
|
Stock-based compensation |
|
|
98,040 |
|
|
|
108,043 |
|
|
|
111,316 |
|
Semiconductor development cost |
|
|
33,415 |
|
|
|
28,049 |
|
|
|
24,680 |
|
Tools & equipment |
|
|
27,118 |
|
|
|
26,089 |
|
|
|
23,202 |
|
Professional services |
|
|
14,785 |
|
|
|
14,359 |
|
|
|
13,012 |
|
Facilities-related |
|
|
11,747 |
|
|
|
10,765 |
|
|
|
10,983 |
|
Other segment items (a) |
|
|
5,917 |
|
|
|
1,988 |
|
|
|
26,713 |
|
Interest income |
|
|
(8,889 |
) |
|
|
(8,727 |
) |
|
|
(7,837 |
) |
Net loss |
|
$ |
(75,865 |
) |
|
$ |
(117,126 |
) |
|
$ |
(169,417 |
) |
(a) The other segment items include amortization of intangible assets acquired from business combinations, non-operating (income) expenses, income tax provision (benefit) and other immaterial items.
Major Customers
The customer representing 10% or more of revenue for the fiscal years ended January 31, 2026 and 2025 was WT, which accounted for approximately 70% and 63% of total revenue, respectively. The customers representing 10% or more of revenue for the fiscal year ended January 31, 2024 were WT and Chicony, which accounted for approximately 53% and 14% of total revenue, respectively. Accounts receivable with WT was approximately $24.6 million and $12.3 million as of January 31, 2026 and 2025, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 23, 2026 | Showing above |
| 2025 | Mar 28, 2025 | |
| 2024 | Mar 29, 2024 | |
| 2023 | Mar 31, 2023 | |
| 2022 | Apr 1, 2022 | |
| 2021 | Mar 31, 2021 | |
| 2020 | Mar 27, 2020 | |
| 2019 | Mar 29, 2019 | |
| 2018 | Mar 30, 2018 | |
| 2017 | Mar 30, 2017 | |
| 2016 | Mar 25, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.